The rand lost nearly 3% to the dollar this week, with most of the downside coming after the budget speech and global market selloffs.

Global markets went into a bit of a spin on Friday over concern that inflation could begin rising too quickly as more stimulus is pumped into the economy while the recovery from the coronavirus seems on track...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now